This place is going to become dysfunctional the more te---r they inject into our lives. This place is not healthy anymore.
IT is completely ruined by TCS
Wow Tata consultancy contractors are totally ruining CVS inside out. I see these incompetent folks top to bottom ruin the engineering culture daily. Ex contractors engineering leadership playing politics, constant lies, backstabbing, harassing non... — read more
Laurie's Shoes
Do you think Laurie got to take all of her shoes with her when she was shown the door? I wonder how it feels for her to join the ranks of those she laid off last year.
Save money- eliminate DLs
If you think about it- they serve no purpose. If you are a store manager you are paid to hit your metrics and put out the fires in your own building. Same with pharmacy managers…. Every store should have an SMIT, PM emerging leader a regional can... — read more
RIF?
Aetna side…..Talked about layoffs in a unit meeting on Monday (general question that was asked) and the supervisor said no worries about JE in our location. Logged on today to a scheduled 15 minute call next week with the 5 newest members of the... — read more
CVS stock currently at COVID pandemic lows
What will it take for CVS stock to return to the highs of 2015, when they eliminated the sale of cigarettes in stores? We’ve added $15 trillion to our national debt since then and the CVS’ market cap is literally half of what it used to be. — read more
Identity crisis
The problem with CVS is that it does not know what it is- Retail store? PBM? Insurance company? Health care delivery? You cannot do all these things well despite KL delusions. Insurance is a crazy business right now that needs laser focus to succeed... — read more
Today was a trial run
If you didn't notice, Karen was a non factor today on the town hall. I think she's done and it's just a matter of time.
Town hall
The company town hall today kind of came off as positive other than regarding the Aetna business, and didn’t seem to allude to company-wide layoffs, which was surprising. What’d you guys think? Maybe I misread the tone…
I’ve been looking for another job for a while
I don’t want to work at CVS anymore. It’s getting gradually worse. I’m not happy with my manager, my compensation, and the general bad vibe with all the layoffs and leadership’s obvious incompetence. I’ve been offered a couple of jobs and only one... — read more
Layoff News Only?
Any chance we could get a thread that is just centered around what people have heard about layoffs? As a fully remote employee, I hear very little in terms of rumors and would appreciate any insight that is floating around. I lost 25% of my team to... — read more
Interesting that Karen put herself on the hot seat.
I can understand the idea behind a change of leadership in a business unit that failing right now. However instead of putting a new president in charge of Aetna, she essentially just put herself in charge. (and the CFO too, but KL said she'll be... — read more
New Idea to help with the 2 billion save
Since we are a health company, terminate any leader who has a BMI over 30 or type 2 diabetes. The savings of reducing the huge will be huge. If you down vote this post.... you are a fat F.
More hot air brought to you by thelayoff.com
The week has come and gone, and the only person eliminated is Brian Kane. You should be sleeping as well as Remote Engineer. Nothing to see here.
Board of Directors is asleep!
Is it transparent to anyone else that Karen wrote that book to back her Board into a corner by not firing her now that she’s immortalized her face as the CEO of CVS Health on the cover? And why do executives (and spouses of executives) at CVS Health... — read more
How about no town halls anymore?
It’s pointless and actually sad. Is it possible that any corporate leadership still believes that the cheap show works? These town halls are for whom exactly? I would have much more respect for upper mgmt if they were straight talkers, particularly... — read more
Townhall was a joke
Karen seemed clueless and really doesn't understand things in detail. I'm even more convinced she has no business being a ceo here or anywhere. The pathetic questioner at the end propping her up and giving her kudos for running the company into the... — read more
With Kane Out, WorkOne Fate?
I know Brian Kane was a strong proponent of in-office work, do you think him being removed will have any impact on that moving forward?
$20 billion dollar mistake.
Don't buy Oak St and Signify for $20B and then look for $2B in cuts and savings. Huge mistakes!
They are willing to sacrifice more workers and institutional knowledge to chase the dollar
CVS is understaffed as it is, even in the back office. 25000 seems high. but who knows. we live in an age where a company makes 1.8 billion in profit in a quarter and that’s not enough and they are willing to sacrifice more workers and institutional... — read more
Layoffs expected
She ousted some upper management and replaced with Aetna employees which is good.
CVS Announces $2B Savings Plan
“To help turn things around, CVS said it will initiate a “a multi-year expense management opportunity to deliver $2 billion in savings” that will include “streamlining and optimizing operations and processes.” How will it happen? Workforce... — read more
Repeat of last year….
So here we go again waiting to hear of the inevitable. Wanting to find out if you’re next on the chopping block. Stress is now back at an all time high just like last year. This really su-ks. Just like riding a bike you don’t forget how it feels…... — read more
Warn Tracker is showing pending layoff on 8/17
For layoffs if there is a certain number of people getting let go, it is filed with the state. WarnTracker is showing 27 people in NY now getting laid off on 8/17/24. Hopefully this will help them to invest more on big bet “futurist” programs to... — read more
Fu-k Accenture
Be better
CVS Salaries and Job Titles by University
Ivy League - CVS Job Titles: Product Representative, Store Clerk, Supervisor, Store Manager, Analyst, Project Manager (Often Gets Negative Reviews and Terminated every three months) Princeton University - CVS Salary $50,000.00 Harvard University -... — read more
If they offer buyouts i advise everyone to take it.
This place is circling the drain and if you think Karen is going to save it, you are mistaken.
Nothing is important but the bottom line
We are talking about the C-suite and shareholders bottom line, who are happy with money extraction for as long as it lasts. Company doesn’t matter, employees don’t matter, and nobody cares if the company will even exist in a couple of years. That’s... — read more
Town Hall tomorrow…
Just got an email for a company Town Hall tomorrow. Get your popcorn ready!
Stock Price
Sad that's it's become this, but did anyone else get up this morning to see how bad the news was and to see how far the stock price was going to crash? Only hoping for the worst because you hate CVS? I'm disappointed the stock is only down 60... — read more
What's Next
Honest question. Now that Brian and some others are out (good thing). What should Karen do to turn things around? How do you get moral back?
Bonus is toast for this year
They should come out now and announce bonus will be zero...let those who were thinking of leaving go. Going to be an exodus
Brian Kane gone but Karen remains
Not as we hoped for more upper management to be bounced out....including Karen. Doubt much will change.
layoff is 100% to come, though later but longer than the forum predicts
There are previously posts saying the layoff is coming at 8/7, good news is that prediction is wrong. bad news is that it will come later and will last longer. So instead of anxiety on one day, anxiety will last for three YEARS, I start to feel the... — read more
Full year guidance down
Q2 more or less in line with expectations but down from last yr. Full guidance down. Changes to HCB leadership mentioned. https://www.sec.gov/ix?doc=/Archives/edgar/data/0000064803/000006480324000028/cvs-20240807.htm
Missed earnings, $2B cost cuts
Missed on Q2 earnings Brian Kane out, Karen/Tom overseeing Aetna, multi-year plan to cut $2B. The ship is freaking sinking. Unbelievable.
Silent Offboarding: Negative Reviews Used as Pretext for Termination
Yesterday, my director returned from her Cancun vacation and delivered an extremely harsh “NASTIEST” mid-year review. She didn’t even offer me the manager’s rating and mentioned that the department VP recommended eliminating my position in PA. .. — read more